Israel

The Israeli Petroleum Commissioner awarded Adira Energy Corp. of Ontario the 97,000-acre Gabriella license in the Mediterranean 10 km off Israel between Netanya and Ashdod.

By OGJ editors
HOUSTON, Sept. 9
– The Israeli Petroleum Commissioner awarded Adira Energy Corp. of Ontario the 97,000-acre Gabriella license in the Mediterranean 10 km off Israel between Netanya and Ashdod.

A 3-year initial period began July 15, 2009. The license is in 80-120 m of water. Adira is a subsidiary of AMG Oil Ltd., Vancouver, BC.

The license contains the Yam Yafo-1 exploratory well in an area where at least two wells tested oil or gas-condensate from Jurassic carbonates in the early 1990s. Technical problems and a shortage of funds prevented production.

Nine wells have been drilled within a 34-km radius of the central part of the block, and Adira believes it has a good prospect that is an attractive target for hydrocarbon exploration.

Adira also plans to begin drilling on its Eitan license in northern Israel’s onshore Hula Valley in October 2009.

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